Abstract Confusions

Complexity is not a cause of confusion. It is a result of it.

Category Archives: Statistics

Abstract Confusions – 2011 in review

Got a nice report from WordPress. Though I did not blog actively in 2011, there are quite few posts that still cornered people’s attention. One of my new years resolution is to write more. So, sit firm and buckle up, here I come, 2012! 🙂

The WordPress.com stats helper monkeys prepared a 2011 annual report for this blog.

Here’s an excerpt:

The concert hall at the Syndey Opera House holds 2,700 people. This blog was viewed about 21,000 times in 2011. If it were a concert at Sydney Opera House, it would take about 8 sold-out performances for that many people to see it.

Click here to see the complete report.

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Statistics: When Numbers Lie

Mark Twain once said,

There are three kinds of lies: lies, damned lies, and statistics.

Another quote by Steven Wright says like this,

47.3% of all statistics are made up on the spot.

And there is a detail account of how to lie with statistics. We all love numbers. Any talk with references to numbers is considered to be correct and appropriate.

How to Understand Numbers

Most of the time, it is people’s mistake in understanding the numbers presented to them. For example, understanding what numbers mean. Consider the following cases.

A corporation was able to announce the following the statistics: Total number of shareholders: 3003. Average shares per shareholder: 660. Looks nice, thats more like a democracy, every one has equal say in the proceedings, but in reality, it is just three people holding 3/4th of shares and remaining people holding 1/4th share. What looked like a happy number is actually not so.

Share Holding pattern - Average cheats

Share Holding pattern - Average cheats

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